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horsena [70]
2 years ago
10

Which of the following are criteria for determining whether to record an asset as a fixed asset?

Business
1 answer:
DochEvi [55]2 years ago
6 0

Answer:must be long lived and used by the company in its normal operations.

Explanation:

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the market value of the equity of Ginger, Inc., is $710,000. The balance sheet shows $45,600 in cash and $227,800 in debt, while
KengaRu [80]

Answer:

3.34 times

Explanation:

Ginger incorporation has a market valu of equity of $710,000

The debt is $227,800

Cash is $45,600

EBIT is $102,800

The first step is to find the enterprise value

= market capitalization + debt -cash

= $710,000 +$227,800 - $45,600

= $937,800-$45,600

= $892,200

The EBITDA can be calculated as follows

= EBIT + depreciation and amortization

= $102,800 + $164,600

= $267,400

Therefore the enterprise value-EBITDA can be calculated as follows

= 892,200/267,400

= 3.34 times

7 0
2 years ago
American political history can be understood as a perennial battle between state power and national power. The Civil War is perh
lesya [120]

Answer:

The battle of who should hold more power, the national government or the states, is perhaps the most seasoned battle in American history. Many believe that the states should hold more control over the national government, yet I differ sometimes. In the present society we have progressing banters about numerous points that worry general society. One of the huge issues that gets talked about frequently is whether maryjane ought to be authorized or not. I am fair with regards to this specific point, yet I do have a solid feeling on who ought to choose. At this moment, there are a few states around the nation that have authorized it, however the National government has not. This makes things incredibly confounding most definitely. The other concern I have is with the detained populace because of cannabis infringement. I think that its unjustifiable that there are individuals getting detainment charges for accomplishing something that another resident in a neighboring state is openly doing. I comprehend that individuals are worried about the possibility that that on the off chance that we permit the national government to settle on choices like this, at that point they will develop to be excessively ground-breaking, however I differ right now. There are measures set up to adjust the forces of the government, and we should confide in what the organizers had as a top priority when they drafted the constitution. At the point when they made the constitution, they gave the central government all the forces they figured they ought to have Article 1 area 8. They did this with the aim that they would shield the central government from getting excessively huge. The originators were clever people however, and they realized that the issues written in 1787 would not be the main ones to cross the ways of the American individuals. Considering this they included the "essential and legitimate statement", which was added to guarantee they could manage issues that emerged later on.

5 0
2 years ago
Cycle Sales Company offers warranties on all their bikes. They estimate warranty expense at 4.5​% of sales. At the beginning of​
anastassius [24]

Answer:

$13,320

Explanation:

The computation of the warranty expenditure is shown below:

= Sales revenues × estimated warranty expenditure percentage

= $296,000 × 4.5%

= $13,320

By multiplying the sales revenues with the estimated warranty expenditure percentage we can get the warranty expense and the same is shown above

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
Your company has just been named as defendant in a lawsuit related to a leak of chemicals, from one of your company's plants ont
Arturiano [62]

Answer:

Explanation:

FASB Accounting for possibilities give that An expected misfortune from a misfortune possibility will be gathered by a charge to salary if both of the accompanying conditions are met:

a. Data accessible before issuance of the budget reports demonstrates that it is likely that a benefit had been hindered or an obligation had been brought about at the date of the fiscal summaries. It is verifiable right now it must be plausible that at least one future occasions will happen affirming the reality of the misfortune.

b. The measure of misfortune can be sensibly evaluated.

In the given case the primary condition is met i.e it is sure or plausible that an obligation is acquired yet the second condition that the measure of misfortune can be sensibly evaluated isn't met as a scope of the misfortune is given.

Along these lines, the misfortune ought not be gathered rather an unexpected risk ought to be appeared for $3 millions on reasonability idea.

8 0
3 years ago
Marie decided to purchase an electronic toothbrush priced at $100 because of a special offer from the manufacturer. By sending p
umka21 [38]

Answer:

the correct answer is b. rebate.

good luck

6 0
3 years ago
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